MIRA: what changed
MIRA
Largest movements
- Tangible fixed assets +€214,705
up €214,705 (+20.5%), from €1.0m to €1.3m
of which Land and buildings: +€225,176
- Cash +€19,667
up €19,667 (+43.5%), from €45,167 to €64,834
mainly Debts after one year (+€120,541) and Depreciation (+€105,849)
- Debts after one year +€120,541
up €120,541 (+25.3%), from €476,278 to €596,819
of which Financial debts: +€165,935
- Other debts +€90,780
up €90,780 (+150%), from €60,640 to €151,420
- Current portion of long-term debt +€34,065
new in 2025: €34,065
- Depreciation -€18,290
down €18,290 (-14.7%), from €124,139 to €105,849
- Gross operating margin +€13,590
up €13,590 (+12.6%), from €107,439 to €121,029
- Financial charges +€3,350
up €3,350 (+5,154%), from €65 to €3,415
- Other operating charges +€1,588
up €1,588 (+7.1%), from €22,500 to €24,088
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,110,041 | €1,343,033 | +€232,992 | +21.0% |
| Fixed assets | 21/28 | €1,049,657 | €1,264,362 | +€214,705 | +20.5% |
| Tangible fixed assets | 22/27 | €1,049,657 | €1,264,362 | +€214,705 | +20.5% |
| Land and buildings | 22 | €1,030,822 | €1,255,998 | +€225,176 | +21.8% |
| Plant, machinery and equipment | 23 | €18,835 | €8,364 | -€10,471 | -55.6% |
| Current assets | 29/58 | €60,384 | €78,671 | +€18,287 | +30.3% |
| Cash at bank and in hand | 54/58 | €45,167 | €64,834 | +€19,667 | +43.5% |
| Deferred charges and accrued income | 490/1 | €15,217 | €13,837 | -€1,380 | -9.1% |
| Total equity and liabilities | 10/49 | €1,110,041 | €1,343,033 | +€232,992 | +21.0% |
| Equity | 10/15 | €500,162 | €492,918 | -€7,244 | -1.4% |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Capital | 10 | €170,000 | €170,000 | = | 0.0% |
| Issued capital | 100 | €170,000 | €170,000 | = | 0.0% |
| Reserves | 13 | €394,595 | €384,732 | -€9,863 | -2.5% |
| Non-distributable reserves | 130/1 | €16,358 | €16,358 | = | 0.0% |
| Legal reserve | 130 | €16,358 | €16,358 | = | 0.0% |
| Tax-exempt reserves | 132 | €141,553 | €131,690 | -€9,863 | -7.0% |
| Distributable reserves | 133 | €236,684 | €236,684 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,433 | -€61,814 | +€2,619 | +4.1% |
| Provisions and deferred taxes | 16 | €72,889 | €67,811 | -€5,078 | -7.0% |
| Deferred taxes | 168 | €72,889 | €67,811 | -€5,078 | -7.0% |
| Amounts payable | 17/49 | €536,990 | €782,304 | +€245,314 | +45.7% |
| Amounts payable after more than one year | 17 | €476,278 | €596,819 | +€120,541 | +25.3% |
| Financial debts | 170/4 | - | €165,935 | +€165,935 | |
| Other amounts payable | 178/9 | €476,278 | €430,884 | -€45,394 | -9.5% |
| Amounts payable within one year | 42/48 | €60,712 | €185,485 | +€124,773 | +206% |
| Current portion of amounts payable after more than one year | 42 | - | €34,065 | +€34,065 | |
| Trade debts | 44 | €72 | - | -€72 | |
| Suppliers | 440/4 | €72 | - | -€72 | |
| Other amounts payable | 47/48 | €60,640 | €151,420 | +€90,780 | +150% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,139 | €105,849 | -€18,290 | -14.7% |
| Other operating charges | 640/8 | €22,500 | €24,088 | +€1,588 | +7.1% |
| Gross operating margin | 9900 | €107,439 | €121,029 | +€13,590 | +12.6% |
| Operating profit (loss) | 9901 | -€39,200 | -€8,908 | +€30,292 | +77.3% |
| Financial charges | 65/66B | €65 | €3,415 | +€3,350 | +5,154% |
| Recurring financial charges | 65 | €65 | €3,415 | +€3,350 | +5,154% |
| Profit (loss) for the period before taxes | 9903 | -€39,265 | -€12,323 | +€26,942 | +68.6% |
| Transfer from deferred taxes | 780 | €5,079 | €5,079 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€34,186 | -€7,244 | +€26,942 | +78.8% |
| Transfer from tax-exempt reserves | 789 | €9,864 | €9,863 | -€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,322 | €2,619 | +€26,941 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.